French Budget targets trusts in low tax jurisdictions

clock • 2 min read
French Budget targets trusts in low tax jurisdictions

A recently added article to the 2022 French Budget extends the scope of anti-tax avoidance rules to some trust situations, according to Virginie Deflassieux, director of French Tax at BDO in Guernsey In a briefing note for BDO, she said the Assemblée Nationale recently added an Article to the 2022 French Budget, aimed at securing the application of anti-tax avoidance Article 123 (French tax code), in the context of certain French-connected trusts established in low-tax jurisdictions and wh...

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